Senate Bill S7358

2019-2020 Legislative Session

Extends the expiration of the mortgage recording tax imposed by the city of Yonkers

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Investigations And Government Operations Committee

  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

Do you support this bill?

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.
Actions

2019-S7358 (ACTIVE) - Details

See Assembly Version of this Bill:
A6037
Current Committee:
Senate Investigations And Government Operations
Law Section:
Tax Law
Laws Affected:
Amd §253-d, Tax L
Versions Introduced in Other Legislative Sessions:
2013-2014: S4116, A7022
2015-2016: S3878, A4956
2017-2018: S1756, A6365

2019-S7358 (ACTIVE) - Summary

Extends the expiration of the mortgage recording tax imposed by the city of Yonkers to August 31, 2021.

2019-S7358 (ACTIVE) - Sponsor Memo

2019-S7358 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   7358
 
                             I N  S E N A T E
 
                             January 21, 2020
                                ___________
 
 Introduced  by  Sen.  STEWART-COUSINS -- read twice and ordered printed,
   and when printed to be committed to the  Committee  on  Investigations
   and Government Operations
 
 AN  ACT to amend the tax law, in relation to extending the expiration of
   the mortgage recording tax imposed by the city of Yonkers
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Subdivision 1 of section 253-d of the tax law, as amended
 by section 1 of subpart D of part C of chapter 61 of the laws  of  2017,
 is amended to read as follows:
   1.  The city of Yonkers, acting through its local legislative body, is
 hereby authorized and empowered to adopt and amend local  laws  imposing
 in  any  such city during the period beginning September first, nineteen
 hundred ninety-three and ending August thirty-first, two thousand [twen-
 ty] TWENTY-ONE, a tax of fifty cents for each one  hundred  dollars  and
 each  remaining  major  fraction thereof of principal debt or obligation
 which is or under  any  contingency  may  be  secured  at  the  date  of
 execution  thereof,  or  at  any  time thereafter, by a mortgage on real
 property situated within such city and recorded on  or  after  the  date
 upon  which such tax takes effect and a tax of fifty cents on such mort-
 gage if the principal debt or obligation which is or by any  contingency
 may be secured by such mortgage is less than one hundred dollars.
   § 2. This act shall take effect immediately.
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD09943-01-9

Comments

Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.

Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.

Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.